US Education Dept raises 'financial responsibility' concerns about Harvard

The U.S. Department of Education has placed Harvard University on "Heightened Cash Monitoring" status due to concerns regarding the institution's financial standing. As a result, Harvard will now be obligated to utilize its own financial resources to distribute federal student aid before accessing funds from the Education Department.

US Education Dept raises 'financial responsibility' concerns about Harvard
The U.S. Department of Education has placed Harvard University on "Heightened Cash Monitoring" status due to concerns regarding the institution's financial standing. As a result, Harvard will now be obligated to utilize its own financial resources to distribute federal student aid before accessing funds from the Education Department.